Searches And Hires
The retirement system also approved private equity and real estate commitments totaling $60 million yesterday.
The plans previously worked with Corebridge Financial.
The authority is seeking a firm to manage its $2.2 billion portfolio.
The plans conducted a similar search for the services in 2020.
The pension fund concluded its investment consultant search last month.
The board recently approved real estate commitments and increased previously made private equity commitments.
The state deferred compensation fund’s current stable value manager handles $8.3 billion.
The plan committed $20 million to the asset class for pacing purposes.
The pension plan has issued an outsourced cio RFP in anticipation of CIO Randy Baum’s retirement in October.
The plan is seeking investment consulting services due to the impending contract expiration of its incumbent consultant, which was rehired in 2023 following a similar search.